Nov 24 (Reuters) - Pilbara Minerals Ltd PLS.AX :
* Pilbara raises $12M in placement PLS.AX
* Says proceeds from the placement will be used to fund ongoing drilling and feasibility work
* It is expected that a further resource increase and upgrade for pilgangoora will be released in February 2016 "
* Source text (http://bit.ly/1NoovST)